Elon Musk and His SpaceX Plans: why SpaceX buys Tesla, and what the AI-sector ontology says about it

Tesla (TSLA) reported Q2 FY2026 revenue of $28.24B, up 25.5% YOY, but adjusted EPS fell 17.5% to $0.33. Operating margin dropped to 1.4% due to rising costs. Analysts expect Q3 EPS to decline 29.7% YOY. TSLA trades at 196.74x forward P/E and 12.99x sales. Analysts have a 'Moderate Buy' rating with an average price target of $397.60.

Tesla raised Cybertruck prices by $5,000 for two models, aiming to boost revenue per vehicle. The company delivered 480,126 vehicles in Q2, beating production. Analysts expect Q3 EPS of $0.26, down 30% YoY. RBC and BofA maintain bullish views with price targets of $500 and $460, respectively.

Nvidia (NVDA) will supply AI chips for SpaceX's (SPCX) orbital satellites, launching in Q4 2027. Nvidia owns 122.8M SpaceX shares. Revenue impact is uncertain until at least 2029, with technical and regulatory challenges ahead.

On September 9, 319 million SpaceX (SPCX) insider shares will unlock, the third in a series of post-IPO events. The November earnings unlock is expected to release 1.3 billion shares, four times September's amount. SPCX closed at $141.50 on August 31, down 37% from its June high. Analysts note that SPV distribution lags may affect actual trading volumes. The company's float is expanding, with more unlocks scheduled through October.

SpaceX (SPCX) reported $7.8B revenue and $18.4B in capital expenditures for Q2, with $15.8B spent on AI infrastructure. The company is investing heavily in AI, Starlink, and Starship, aiming to meet high demand. SpaceX has $100B in cash and strong profits from Starlink, but investors must assess if returns will justify spending.

Tesla reported its supervised self-driving tech had 4.1 times fewer collisions than manually driven Teslas in five European countries, based on 100M km of data. The company seeks EU-wide approval, with a vote possibly in October. Critics question the data's validity and transparency.